A measure of economic inequality that takes into account the distribution of income across the entire population

A measure of economic inequality that takes into account the distribution of wealth across the entire population

A measure of economic inequality that takes into account the distribution of consumption across the entire population

A measure of economic inequality that takes into account the distribution of opportunity across the entire population

$$T = \frac{1}{n}\sum_{i=1}^{n}\left(\frac{y_i}{\bar{y}}\right)\log\left(\frac{y_i}{\bar{y}}\right)$$

$$T = \frac{1}{n}\sum_{i=1}^{n}\left(\frac{y_i}{\bar{y}}\right)^2\log\left(\frac{y_i}{\bar{y}}\right)$$

$$T = \frac{1}{n}\sum_{i=1}^{n}\left(\frac{y_i}{\bar{y}}\right)^3\log\left(\frac{y_i}{\bar{y}}\right)$$

$$T = \frac{1}{n}\sum_{i=1}^{n}\left(\frac{y_i}{\bar{y}}\right)^4\log\left(\frac{y_i}{\bar{y}}\right)$$

[0, 1]

[0, \infty)

(-\infty, 0]

(-\infty, \infty)

A higher value of the Theil Inequality Index indicates a higher level of inequality

A lower value of the Theil Inequality Index indicates a higher level of inequality

The Theil Inequality Index is not a measure of inequality

The Theil Inequality Index is a measure of poverty

It is sensitive to outliers

It is not a good measure of inequality for small populations

It is not a good measure of inequality for populations with a high level of income inequality

All of the above

It is a relatively easy measure to calculate

It is a good measure of inequality for populations with a low level of income inequality

It is a good measure of inequality for populations with a high level of income inequality

All of the above

It is more sensitive to inequality than other measures

It is less sensitive to inequality than other measures

It is equally sensitive to inequality as other measures

It is not comparable to other measures of inequality

Policies that reduce income inequality will lead to a lower Theil Inequality Index

Policies that increase income inequality will lead to a higher Theil Inequality Index

The Theil Inequality Index is not a good measure of the impact of policies on income inequality

None of the above

It can be difficult to obtain accurate data on income distribution

It can be difficult to interpret the results of the Theil Inequality Index

It can be difficult to compare the results of the Theil Inequality Index across different countries or time periods

All of the above

Developing new methods for calculating the Theil Inequality Index

Developing new methods for interpreting the results of the Theil Inequality Index

Developing new methods for comparing the results of the Theil Inequality Index across different countries or time periods

All of the above